Author Archives: Charles Hugh Smith

Is the U.S. Becoming a Third World Nation?

Back in the day, nations that didn’t qualify as either developed (First World) or developing (Second World) were by default Third World, impoverished, corrupt and what we now refer to as failed states–governments that were incapable of improving the lives of their people and the machinery … Continue reading

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A Wobbling Stock Market

Consider this chart of the SPX (S&P 500) over the past two years: take a look at the relative steepness of each of the red lines (rallies), the duration of each rally (purple lines), the blue boxes (volatile spots of bother) … Continue reading

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Who Protected Epstein for Decades, and Why?

Let’s start by stipulating that the Jeffrey Epstein story is so sordid and outlandish that it’s like a made-for-TV movie about the evil proprietor of a nightmarish enclave of private perversion and sexual exploitation, Lolita Island. For Epstein’s victims, the nightmare … Continue reading

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The Internal War in the Deep State Claims Its High Profile Casualty: Jeffrey Epstein

I’ve been writing about the fracturing Deep State for the past five years: Is the Deep State Fracturing into Disunity? (March 14, 2014) Is the Deep State at War–With Itself? (December 14, 2016) Epstein and the Explosive Crisis of the Deep State (July … Continue reading

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Nothing Is Guaranteed

The American lifestyle and economy depend on a vast number of implicit guarantees— systemic forms of entitlement that we implicitly feel are our birthright. Chief among these implicit entitlements is the Federal Reserve can always “save the day”: the Fed has the tools … Continue reading

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